Indian Stock Market - Broker Tips and calls

Broking house	Company	Action	Date	Price (Rs)
Emkay	+ ICICI Bank	Buy	Mar 13, 08	1,600.00
Citigroup	+ Sun Pharma.	Buy	Mar 13, 08	1,350.00
HEM Securities	+ Tata Steel	Buy	Mar 13, 08	1,049.00
Sharekhan	+ Esab India	Buy	Mar 13, 08	575.00
Prabhudas Lilladher	+ Punj Lloyd	Buy	Mar 13, 08	467.00
HEM Securities	+ Tata Chemicals	Buy	Mar 13, 08	456.00
Angel Broking	+ Bank of India	Buy	Mar 13, 08	425.00
Angel Broking	+ Exide Inds.	Buy	Mar 13, 08	80.00
Sharekhan	+ Marico Ltd.	Buy	Mar 13, 08	70.00
ICICI Securities	+ HCL Technologies	Buy	Mar 13, 08	-
Emaky research	+ L & T	Accumulate	Mar 12, 08	4,381.00
India Infoline	+ Reliance Inds.	Buy	Mar 12, 08	3,198.00
HEM Securities	+ Blue Dart Expres	Buy	Mar 12, 08	872.00
Citigroup	+ Apollo Hospitals	Buy	Mar 12, 08	610.00
Religare	+ Bihar Tubes Ltd.	Buy	Mar 12, 08	242.00
Prabhudas Lilladher	+ IDFC	Buy	Mar 12, 08	236.00
Prabhudas Lilladher	+ Areva T&D India	Outperformer	Mar 10, 08	2,294.00
India Infoline	+ Nestle India	Buy	Mar 10, 08	1,793.00
Prabhudas Lilladher	+ ICICI Bank	Buy	Mar 10, 08	1,590.00

soure:rediff

RK

07 Mar 2008 : Indian Stock Market News Round up

Sify
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RBI: Budget in line with growth, price goals
Central bank sees the government's 2008/09 budget as being in line with growth and price stability objectives, it said on Thursday, adding it will help to implement a farm debt relief scheme.

Government may ease foreign debt rule in future
India will ease restrictions on overseas borrowing by companies, introduced last year to slow capital inflows, as soon as local and global conditions allow, a senior finance ministry official said on Thursday

Investors must be encouraged to stay for longer term: FM
Defending his budget proposal to increase short term capital gains tax rate, Finance Minister P Chidambaram today said it would encourage the investors to hold on to their investments for a longer period in the markets, which are currently volatile.

Chidambaram asks brokerages to embrace corporate culture
Finance Minister P. Chidambaram has asked stock brokerages to introduce corporate culture in their working and suggested creating a separate exchange to list small and medium enterprises.

Chidambaram bats for cheaper housing loans
Finance Minister P. Chidambaram Thursday made another pitch for commercial banks to cut interest rates for their consumers, especially on housing loans up to Rs 0.2 crore that accounted for 80 per cent of exposures

The Economic Times
--------------------------------------------------------------------------------
India Inc on debt row, credit rating takes a hit
With Indian cos borrowing heavily to acquire businesses several times their own size, corporate India has seen a fall in its credit worthiness.

Volatile mkt: Now, brokers bat for commodity futures
Brokers feel that commodity futures may be a safer bet than the equity F&Os at this moment, even as experts have their reservations

International News
--------------------------------------------------------------------------------
Heavy losses on Wall Street on credit jitters
NEW YORK - Wall Street stocks wallowed in losses Thursday as growing worries about the financial and housing sectors kept traders in a grim mood.

US home foreclosures at new high
WASHINGTON : US home foreclosures rose to new highs in the fourth quarter of 2007 as loan delinquencies jumped to a 22-year high, the Mortgage Bankers Association reported Thursday

Gold price strikes record high near 1,000 dollars
LONDON : The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said

Oil price hit record high near US$106 amid New York explosion
LONDON : Oil prices soared to a record high close to US$106 a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency.

U.S. department stores report weaker February sales
ATLANTA (Reuters) - Major department store chains reported lower February same-store sales on Thursday as consumers spent less on home goods and women's apparel in the weaker U.S. economy.

Household wealth dips for first time since 2002
WASHINGTON (Reuters) - The net wealth of U.S. households fell for the first time in five years during the fourth quarter last year as the value of real estate holdings and stocks weakened, the Federal Reserve said on Thursday

U.S. jobless claims tumble 24,000 last week
WASHINGTON (Reuters) - New applications for U.S. jobless benefits tumbled by 24,000 last week to a much lower-than-expected 351,000, but the number remaining on jobless aid stood at the highest level in nearly two and a half years, a Labor Department report on Thursday showed.

RK
http://yourmitra.wordpress.com

06 March 2008 : Indian Stock Market News, Analysts Views and Tips

MoneyControl
------------------------------------------------------------------------------------------

• Mkts need local news for direction: PN Vijay
• Mkts could see further correction: Experts
• Mkts seen volatile till subprime woes settle: Sundaram MF
• It's time to buy big PSU banks: Experts

Rediff
------------------------------------------------------------------------------------------
SEBI will rationalise the intermediary fees that it charges, says CB Bhave, the new SEBI Cheif, reports CNBC-TV18. The fees will be reduced by 50-80%, and this reduction will come into effect from April 1, 2008, he adds.

If ITC can move above Rs 170-175, on a closing basis, then it can move up to Rs 225 and maybe even 240 in the next 2-3 quarters, says Vijay Bhambwani, technical analyst, on CNBC-TV18

Indiabulls has put a 'buy' rating on BHEL, with a target price of Rs 2,850, reports NDTV Profit.

Ashok Leyland is a 'buy' at current levels, says Ashutosh Goel of Edelweiss Capital, onn CNBC-TV18.

Morgan Stanley has cut its target price for SBI to Rs 1,910 from Rs 2,550, reports CNBC Awaaz.

IT heavyweights have limited downside, about 5-6%, says Vijay Bhambwani, technical analyst, on CNBC Awaaz.

The Economic Times
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Indian stock market returns second-best
A study by Dun & Bradstreet India indicates the domestic stock market has produced the second-best returns over a 10-year timeframe.

SEBI to cut time lag in listing of shares
SEBI will reduce gap between opening of an issue and listing of securities on bourse and make registration norms for FIIs more flexible.

International News
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US dollar stumbles to another record low against euro
NEW YORK : The US dollar slumped to fresh lows against the euro on Wednesday as traders digested a glum assessment on the US economy in the Federal Reserve Beige Book and braced for a potentially weak report on Friday

US stocks end higher as market shakes off Fed survey
NEW YORK : Wall Street stocks closed higher on Wednesday as the market shook off a Federal Reserve survey stating that the US economy was sputtering on several fronts amid a long-running housing market slump

NY oil closes above US$104 for first time
NEW YORK : Crude oil prices closed above 104 dollars a barrel for the first time on Wednesday in the face of sliding US crude stockpiles, a plunging dollar and after OPEC decided to maintain output levels.

Japan stocks up as U.S. fears ease, yen stabilises (at Reuters)

Fed report says U.S. growth slowed in early 2008
WASHINGTON (Reuters) - Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday

Service sector slump wears on; Fed sounds grim
NEW YORK (Reuters) - The slumping U.S. service sector and a weakening job market dealt further blows on Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front

U.S. private sector jobs drop unexpectedly in Feb
NEW YORK (Reuters) - U.S. private employment fell unexpectedly for the first time in nearly five years in February, according to a private report on Wednesday that dealt another blow to an economy teetering on the brink of recession

U.S. productivity revised up but labor costs mount
WASHINGTON (Reuters) - U.S. productivity grew at a slightly faster-than-expected revised pace in the fourth quarter, government data showed on Wednesday, but an increase in hourly compensation pushed unit labor costs higher

RK
Rental Classifieds and Real Estate Social Network

28 Feb 2008 :- Markets to open lower

Re is rising and dollar is falling. This is not good news for the IT sector but again Railways upgrade is seen to put it back on track. Lets wait and watch which way the investors swing.

And more bad news from US - Jan durable goods orders fell 5.3 percent so there are again fears of recession. To hell with this data, its not helping anybody. Bloody Indian Markets are just tracking the US and European markets. When the markets fall some analysts come forward and say 'oh! we are in a bear market' and the next day markets go up and suddently a new crop of analysts come up and say 'oh! this bear story is bullshit'. I see them more like cricket commentators who cannot predict upfront if the pitch is an easy or a difficult one. They always pass comments after things are done. Analysts seem to fall in the same category.

RK

Indian Stock Market News - 26 Feb 2008 : Indian Markets will trade in postive today

US, Canadian, European markets have closed higher. Asian Markets have opened higher. Indian Markets will open higher and should trade in the positive at least till European Markets open. If Europeans are positive then we should end the day in the green.

I have few shares of Infosys, the stock price has just about reached the buy price. Since the Rupee has risen I am not sure if the IT stocks will keep rising or fall a little. Will wait for today before deciding to sell or hold.

RK
RentalAndRealEstate.com - Rental and Real Estate Classifieds and Social Network
http://yourmitra.wordpress.com

Market news round up:-

Sify
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Rupee rises on exporter sales

RIL, Reliance Cap among Asia's 20 best for future investors
Seven Indian firms, including Reliance Industries and Reliance Capital from the two Ambani groups, have been named among Asia Pacific's 20 best companies in terms of expected investor returns over next five years

Cash squeeze dampens investor appetite
Rising costs due to a cash squeeze in the banking system have dampened investor appetite for fresh investments leaving existing corporate debt issues floundering, forcing borrowers to privately place bonds with pension funds

BSE to take 26% stake in commodity exchange
Bombay Stock Exchange Ltd (BSE), oldest stock exchange, has agreed to buy a 26 per cent stake in Ahmedabad-based National Multi-Commodity Exchange of India (NMCE), as it looks to diversify and get a slice of the commodities boom in India

The Financial Express
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Merged entity to get Rs 3,900 cr capital infusion from HDFC
In a major sweep, post merger of two private banks, HDFC Bank and Centurion Bank of Punjab, the sheer size of the new balance sheet of Rs 1,50,000 crore will take the entity to higher pedestal on the global front.

HSBC, StanChart in race for YES stake
At least two of the world's top five banks have evinced interest in picking up a stake in YES Bank, a fast-growing private sector bank.

Tatas to double China revenues
The Tata group's investment plans in Bangladesh may have hit a rough patch, but it is steadily gaining a foothold in China. Despite growing competition from local companies, Tata expects to double revenues from China-primarily from TCS and Tata Steel-to $600 million this year.

Dropping dollar peg would ease Gulf inflation:Greenspan
Former Federal Reserve chairman Alan Greenspan said near-record Gulf Arab inflation would fall "significantly" were the oil producers to drop their dollar pegs, in contradiction to Saudi policy

US economy may skirt recession, but growth is all set to crawl
The US economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast.

The Economic Times
----------------------------------------------------------------------------------------------------------------

Techies may tighten purse strings over US slowdown
If IT companies become careful with increments and promotions, employees may have to scale back planned investments.

Rising inflation in Gulf affect Indians
The disparity was most pronounced in Qatar, with a perceived average cost of living spike of 38%, 22% higher than salary increases.

International News
----------------------------------------------------------------------------------------------------------------

Goldman sees $1-$12 bln writedown for large-cap brokers in Q1
Goldman Sachs said it expects additional writedowns of about $1 billion to $12 billion each for several U.S. large-cap brokers in the first quarter, with Citigroup estimated to record the highest amount of about $12 billion

US dollar firms slightly on home sales data
The US dollar on Monday firmed slightly on better than expected US home-sales figures, but persistent concerns about the US economy still weighed on the greenback, dealers said

Wall Street shares surge as Visa unveils IPO bid
Wall Street shares surged on Monday as Visa Inc., the world's largest electronic payment processor, said it was planning an initial public offering (IPO) aimed at raising a hefty 18.8 billion dollars

Greenspan backs sovereign funds investing in US
Former US Federal Reserve chairman Alan Greenspan said on Monday that opposition to investments by Gulf and Asian sovereign wealth funds in the United States did not serve US interests

Visa plans IPO aimed at raising over US$18b
Visa Inc., the world's biggest electronic payment processing company, announced on Monday it was planning an initial public offering (IPO) in the United States, saying it hoped to raise over 18 billion dollars

15 - Feb -2008: How the day ended and what were the analysts opinions today?

Indian Stock Markets showed some resilience and closed higher. It must have come as a surprise to many since most of the Asian markets were down and US and European markets had closed negative yesterday. Sensex closed at 18,115, up 348 points and Nifty at 5302, up 100 points.

Here is the collection of Analysts views from today

Global factors seem to be impacting sentiments on the market and liquidity is being determined by Asian markets, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is seeing negative FII flows and unless the FIIs return on a consistent basis, one cannot say that the worst is over, he adds

The market may see a slight fall on Monday or Tuesday so investors need not feel they have missed the bus, says Anil Maghnani, technical analyst, on CNBC Awaaz. Nifty has resistance at 5267 and it could see a correction from there, he adds

he confidence is slowly returning to the market and as long as Nifty trades above 5050 it is a good sign, says PK Agarwal of Bonanza Group of Cos, on CNBC TV18

It is still too early to say if all the bad news has been flushed out of the market, says Anshu Jain, head of global markets, Deutsche Bank, on NDTV Profit. The market still looks in poor shape and there is some downside left on credit and equities, he adds

It is still premature to celebrate and think the worst is over for the market, says Narayan Ramachandran of Morgan Stanley, on CNBC TV18. Though India's long-term story looks strong, the current rally seems more on account of short covering, he says. This rally cannot be termed the beginning of a new bull run yet, he adds

Fuel price revesion will take inflation well above 4%, says Shubdha Rao, Chief Economist, Yes Bank, on NDTV Profit. One can expect inflation to hover around 4.5-4.6% in March, she adds. There could be a rate cut in April or June-July period, she says. There needs to be a balancing act between growth and inflation, she says

Inflation risks in India are on the upside and it can up to 4.5%, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. Demand side risk to inflation is low, but one is seeing supply side pressure, he adds. Risks to inflation in India is more from the global side, he adds.

nterest rates need to go down to revive the consumption story, says Chetan Ahya, Executive Director, Morgan Stanley, on CNBC-TV18. In fact, 125 bps cut in interest rates is needed from the RBI, he says. One can expect revival in consumption growth by year end, he says. He sees FY08 GDP growth at 8.5% and FY09, at 7.5%


The US economy is in recession, but it is still left to see how serious, says Hans Goetti, CIO, LGT Bank, on CNBC-TV18. But he believes the current US recession may be deeper than the last one. Global markets may bottom out by the third or fourth quarter of 2008, he says. But since India is comparitively less co-related to the US, economically, it is better positioned than other emerging markets for the long term, he adds

Prime Minister Manmohan Singh says the government is confident of keeping inflation at acceptable levels, reports NDTV Profit. Inflation is 'iniquitous' tax that is hurting the poor, and therefore it must be controlled, says the PM. India cannot be completely insulated from global factors, though major part of Indian growth is driven by domestic factors, he adds. The government is confident of maintaining 9% growth for FY08, he says

Retail investor is showing some buying interest at lower levels, says Sudip Bandyopadhyay of Reliance Money, on NDTV Profit. He suggests staying invested for a time horizon of 3-5 years. FII interest in the infrastructure space in India remains strong, he adds

Anand Tandon, Director - Equities at Brics Securities said that the bottom may be a few hundred points here and there on the Nifty, but the worst is out of the markets. The euphoria is most definitely over, serious money has been lost and now we can look at fundamentals of the markets, reports CNBC-TV18.

Sanjay Sinha, CIO, SBI Mutual Fund said that the markets will have to wait for a few days for global bad news to subside and that rate softening would be positive for the economy. Speaking to CNBC-TV18, Sinha said he is positive on the midcap space. He added that they’ve picked stocks in banking, financial, engineering and the construction space during the recent fall.

Chetan Ahya of Morgan Stanley sees India’s FY08 GDP growth at 8.5% and that of FY09 at 7.5%. The interest rates need to go down to revive consumption story, he told CNBC-TV18. The lending rates are likely to fall by another 50 bps, he said. Ahya expects a revival in the consumption growth by year-end. There is a need for an interest rate cut of 125 bps from the RBI, Ahya said. The risks to inflation in India are more from then global side, he added.

RK
RentalAndRealEstate.com

15 - Feb -2008 : Analyst's Views and whats in store for the day ahead!

Mr.Bernanke's comments have pulled down the US markets yesterday and the Asian markets are following suit today morning. My guess is that India will be no different.

If you had read some of the analysts views about the yesterday's surge its clear that they see it just as a blip and not the start of a new bull run. Trading volumes were low yesterday so they claim investors have not fully participated which means there is still lack of confidence.

If the US markets had closed with some positive news then I would have hoped that Indian markets would have ended the week bringing joy to all the investors and traders but its going to be another rough ride today.

One thing is clear it does not matter how good the Indian economy is and will be growing but it really matters how US economy is. Perhaps this will be the case till China and India become the world's two biggest economies then the stock markets will reflect the true condition of the economy.

I will be updating the post through out the day as when the analyst's views come in.

PS: Asian markets have opened in the red

RK
RentalAndRealEstate.com

15 -Feb - 2008 : Overnight Headlines to start your day

Overnight headline's:

Economic Times

• Promoters take advantage of mkt meltdown
• Separate hype from reality on US slowdown: Accenture
• RCom for possible takeover of Capgemini
• India, China to drive auto growth in 2008: Daimler

Financial Express

• Govt Bites The Bullet: Fuel Prices Hiked
• Indias gold demand rises 6%
• Financial reforms unlikely to take place before LS polls
• Steel companies relent, agree to roll back hike

CNN Money

• Wall Street slumps as investors react to Fed chair's economic outlook.Stocks tumbled Thursday as investors reacted to Federal Reserve Chairman Ben Bernanke's Congressional testimony that economic conditions are likely to get worse before they get better
• Gore to Wall Street: beware of 'subprime carbon'
• Boeing partners with Tata for plane parts

Sify

• Boeing, Tata announce new joint venture
• Wipro unit wins $50 m outsourcing deal
• Idea adds 1.2 million new connections in 2007-08
• 'IT sector layoffs unrelated to economic slowdown'
• NIIT Tech adopts new model to boost profitability
• Punj Lloyd to build $282 m resort in Singapore

ChannelNewsAsia

• New York state governor Eliot Spitzer warned Thursday that bond and credit woes afflicting Wall Street and global markets could turn into a more damaging "financial tsunami."
• US dollar slips after Fed chief opens door to rate cuts
• Dow slumps as Fed chief sees 'sluggish' growth
• US sub-prime crisis costs global loss of US$7.7 trillion
  

MoneyControl

• Mkt gains driven by large-scale short covering: MS
• Fuel prices hiked to avoid fiscal system collapse: PM
• Volatility to continue for now: Mangal Keshav

Business Standard

• Tatas find an ally in Orient-Express battle
• Boeing, Tata form India JV for aerospace parts
• Cap on foreign inflow into debt market to stay: RBI
• India can sustain 9% growth: PM

14 - Feb -2008 : Happy Valentines day to all the investors and traders!!

Finally, there is something to cheer about on Valentines day. There were positive news everywhere - US retail sales were better than expected, Japan economy grew more than expected and the the markets did not disappoint.

It was a brilliant day. Sensex closed at 17766, up 817 points and Nifty at 5202, up 272 points from the previous close. More importantly there were no wild swings during the day. It was pretty stable which is the most positive news.

European markets are also trading in the positive and if US closes positive today then we can expect a bonanza tomorrow and at least I can recover all my losses. Looking forward to it.

The one stock I am worried about in my portfolio is Satyam Computers. I bought it at 442 and have been holding it for 4 months now and I have not seen go past 442, expect briefly. So I am in a dilemma to sell it or hold it. Lets see how it goes tomorrow.

I end this post with some of the Analyst's view from the day

In the IT space, if Satyam stays above Rs 420 one can hold on to the stock for long term and it has a target price of Rs 500-520 in two weeks, says says MB Singh, technical analyst, on Zee Business

Following the fuel price hike, ONGC amd Oil India will share 33% of under recoveries, says Oil Secretary M.S. Srinivasan, on NDTV Profit

If one has a 6-8 month horizon, stocks to accumulate are ICICI Bank, SBI, BHEL and L&T as they are likely to offer good returns, says Shishir Kedia, technical anlayst with Religare Securities, on CNBC Awaaz

Investment sentiment continues to be cautious and that trend is likely to continue for a few weeks, says Malcolm Wood of Morgan Stanley, on CNBC TV18. The market is offering tremendous buying opportunity at this time, he adds

Global concerns are not yet over and we are still not out of the woods, feels Rajesh Jain of Pranav Securities, on NDTV Profit

The market had gone down too far, too fast and it is advisable to wait and watch in this scenario, says Gaurang Shah of Geojit Financials, on NDTV Profit. This relief rally needs to be sustained and the market is not running away on the higher side for investors, he advises


The market has got some positive breather from the oil price hike, says Deven Choksey of KR Choksey, on CNBC-TV18. Next week the market is likely to see be in the range of 16200-18500, he adds

The petrol and diesel price hike will see an annualised benefit to oil companies of around Rs 6500 crore, reports NDTV Profit. The price hike will see IOC benefit by Rs 410 crore for the remaining of FY08, says S V Narasimhan, director, finance of the company, on the channel

RK
RentalAndRealEstate.com

14 -Feb -2008 : Can Valentines day bring cheer to the Indian Markets?

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Headlines of the Day:
-------------------------------------------------------------------------------------------------
Economic Times

It is time for caution: Infosys CEO

Software firms worry US weakness will hit India biz

R Power loss totals about Rs 100 a share

India may feel pinch of global crisis: IMF

CNN Money

Retail sales spark rally, Blue chips rally for 3rd session

Financial Express

Another Fed cut likely as borrowing costs stay high

Learn lessons from American slump: Left tells UPA govt

Double taxation and multiple levies hampering growth

IMF asks India to gear up to tackle global crisis

Moodys alarm bell for 2008 as well

Sify

Rupee at 2-½ month lows on dollar squeeze

Special bonds pose risk to India deficit: JP Morgan

ChannelNewsAsia

Japan's economy grows 3.7% in fourth quarter of 2007

Singapore's economic growth moderates in Q4 of 2007

US dollar gains after strong US retail sales data

Wall Street rallies on upbeat retail sales data

Bush signs economic stimulus package

MoneyControl

See buying opportunities in mkt: Morgan Stanley

No positive triggers for mkt in near-term: Religare

Enough forces to keep mkts volatile: Pranav Sec

Sensex to see 21K-24K range in 1 year: MOST

See large exodus of foreign investors: ABN Amro

Business Standard

Sebi brings art funds under its canvas

US Markets ended in green, Asian Markets are in green at this moment and I can only see happy people the end of the day. Happy Valentines Day!!

RK
http://www.RentalAndRealEstate.com

13 - Feb -2008 : Market ends on a high!!

Indian Markets ended on a positive note even though the European markets were trading in the negative and Asian markets had closed mixed.

Day was mostly stable and the expected volatility was not there. But the overall market breadth was negative - there were more declines than advances.

Markets will be in trouble tomorrow if US and Europe closes in negative today. Its going to be a wait and watch policy. At least I am not going to invest anytime soon. I will wait for at least a week of stable trading before I make a decision. I am a novice and I don't want to risk anymore of my money

RK
http://www.RentalAndRealEstate.com

13 -Feb -2008 : Today could be a mixed bag!

First, the overnight headlines from some of the websites
-------------------------------------------------------------------------------------------------
Pre -Market News:-
-------------------------------------------------------------------------------------------------

Economic Times

India's industrial activity is expected to cool due to the impact of RBI's policy tightening and the rupee's appreciation: HSBC

Financial Express

In a move that is expected to spur consumer spending, finance minister P Chidambaram on Tuesday asked public sector banks (PSBs) to ensure adequate credit supply for home and consumer durables purchases

At 24%, India to log highest SMB IT spend in BRIC

TCS to restructure for agility

Industrial growth plummets to 7.6%

Tea exports in 2007 fall 28% on rupee rise

Coffee touches a decade high

IBN Live

Market mayhem: Parliament panel wants change in norms

ChannelNewsAsia

US job cuts mount as slowdown erodes corporate profits

US stocks end mixed as Buffett reaches out to insurers

MoneyControl

Don't see knee jerk reaction below 16k: Mangal Keshav

Mkts can fall another 7%: India Infoline

Feb 11 crash similar to May '06 correction

Business Standard

CBDT wants capital gains tax for all FIIs :- n its pre-Budget proposals to the finance ministry, CBDT has sought an amendment to Section 115 AD of the Income Tax Act so that all foreign institutional investors (FIIs) pay capital gains tax on their profits in India

Revisit realty sector exemptions: I-T Dept

ICICI-Pru to launch first fixed maturity plan for retail investors

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Analysts Views:-
-------------------------------------------------------------------------------------------------

Ashwani Gujral, technical analyst, on CNBC Awaaz :

Sentiments have turned negative in the market which has become 'sell on rise and not buy on dips'

Chetan Ahya of Morgan Stanley, on NDTV Profit :

Indian growth story is less likely to be affected by a US slowdown. Indian GDP growth is expected to be at 7.4% in FY09 and Indian inflation is being assumed at 4.7% average for FY09, he adds. Emerging markets are better poised to face a mild US recession, he says

Anil Maghnani, technical analyst, on CNBC-TV18 :

Nifty has strong resistance at the 200 DMA level of 4975 and till it closes above that convincingly one should not go long in this market

Rajat Rajgarhia, Motilal Oswal, on CNBC TV18 :

Sensex is likely to be in the range of 20,000-24,000 in one year

Gaurang Shah, Geojit Financials, on Zee Business :

The banking sector is likely to outperform in the long term and stocks that can be accumulated in this space include ICICI Bank, SBI, Axis Bank and Kotak Mahindra Bank

Prashant Jain, HDFC MF, on CNBC Awaaz :

The market is likely to see short-term volatility but India's long-term story is intact

Sandep Wagle, Angel Broking, on NDTV Profit :

If Sensex breaks 15300 then it could be called a bear market but until then it could be termed a corrective phase

Ridham Desai, Morgan Stanley, on CNBC TV18 :

About 10% lower than current levels would be a fair value for the market. The market is expected to give 18-20% earnings growth and one should stay with the largecap stocks. The Indian IPO market is likely to remain lackluster and investors may use lower prices to buy stocks

RK
http://www.RentalAndRealEstate.com

12-Feb-2008 : Is there light at the end of the tunnel!!

Since the markets are being hammered we now have analysts coming forward and talking about cyclical bear markets. Stock market analysts seem to be more like cricket commentators. All are good at making statements after the results are out! Anyways lets see what the markets have in store for us today.
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Pre-Market : Is there a hope??
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Fortunately, US Markets have closed in the positive and it is reflected in the Asian Markets. Most of them have opened in the positive. That's a good sign, at least for today.

I was hit by this most damning of statements while browsing through the various news sites

Sensex may fall another 20% by yr-end: First Global

Another one that caught my eye after the Reliance Power debacle is

Is it the end of the road for primary market?

Some encouraging statements were also there

TCS sees no immediate impact due to US slowdown

The global equity market meltdown hit India the least compared with other emerging equity markets in January. The Indian market shed 16% as against Russia's 16.12% and China's 21.40% - Do you consider this as positive?

Asian markets being in the positive territory is a solace so my guess is that Indian markets will follow them but how they close will be another matter altogether.

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Market : Did it react as expected?
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Market has opened positive in line with the other Asian markets but was hugely volatile through out the day. And it has closed in the negative but the day has to be termed very good as compared to yesterday. The volatility is still there - guess people are ready to sell off whenever the stocks make a slight recovery. It can only say that there are lot of speculators in the market than investors. People seem to be worried. India is still growing and there is no bad news on the economy front but still people don't seem to have the confidence. I am not sure what the FIIs and the MFs are doing. Are they staying put or selling off?

But one thing for sure, whatever happened in the last few weeks is good for the genuine investors who look to invest in fundamentally strong stocks. They must have felt like fools when the dubious stocks were running up crazy and the sound stocks stuck.

European markets are in positive but only marginally. If we will have a couple of days without negative news from US then the world markets will get a chance to stabilize and we can all take a breather.


RK
http://www.RentalAndRealEstate.com

11-Feb-2008 : Predictions for 12th Feb??

Any readers willing to predict how the markets will move tomorrow?

Please leave a comment and it should make for interesting discussions

RK
http://www.RentalAndRealEstate.com

11-Feb-2008: Indian Stock Market Ends A Miserable Day

More misery was piled on the millions of retail investors and speculators today. De-coupling theory can now be completely thrown out of the door. I am not sure what the analysts, who were earlier, preaching about this theory have to say now.

Anyhow, this is how it has ended - Sensex down 833 points and closed at 16630, Nifty closed at 4857, down 263 points. And the much awaited Reliance Power listing became a most unpredicted disappointment - closed at 372!

All the Asian markets ended in red today but Sensex and Nifty were the biggest losers. Indians seem to overreact either way. European markets are trading mixed. Lets hope US opens and, more importantly, closes positive.

RK
http://www.RentalAndRealEstate.com

11 -Feb -2008 :- Can Indian Markets stop the bleeding?

It's Monday 11th February 2008 and I should say there is hope that the Indian Markets will rebound this week - pre-budget rally is what's it's called.

I am just a new entry into the stock markets and have been doing pretty bad at it so I will keep out of passing judgments on the news and views of various analysts and brokerage firms.

Since this is my first post, I have not yet thought about how the posts should be - what to include, how to format and present. So forgive me if you can't make sense of the first few posts. I promise they will get better as time goes on.
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Pre-Market :-
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Trading has started on the other Asian Markets and, not surprisingly, they have opened lower. Wow, thats encouraging!! No??

Lets see if there any encouraging news from any of the financial papers and websites

Bloomberg :-

A couple of stories caught my eye and they are not good

Group of Seven policy makers said the U.S. economy may slow further, eroding global growth, and officials forecast more financial-market turmoil.

India's industrial production probably grew less than 10 percent in December for the second time in three months, adding pressure on the central bank to cut interest rates.

Yahoo Finance :-

GLOBAL MARKETS WEEKAHEAD-G7 does little to calm nerves

Asian stocks fall on credit worries (Reuters)

ChannelNewsAsia :-

Analysts say G7 does not offer markets a 'quick fix'

Economic Times :-

Markets eye R-Power listing for future cues

Investors lose over $100 bn in market crash

Mkt crash: Small investors down but not out

Equities seen volatile; R Power listing eyed: Volatility is likely to remain the order of the day amid global market weakness. The Reliance Power listing slated on Monday will also play an important role in deciding the market direction

MoneyControl :-

Mkts to stage a rally in run-up to Budget: Credit Suisse

Sify :-

Investors less interested in high-priced IPO: Marketmen

Investors will gain long term: Anil Ambani

I guess it's enough of bad news for now. I am depressed already! Let's see whether the pre-budget rally that everyone talks about happens. But my guess is that the Indian Markets will open lower. This is easy to predict now since the de-coupling theory was proven wrong.
Lets keep our fingers crossed and wait!!
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Market :-
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As expected the market has opened lower. A small update from rediff on the Reliance Power if you have not already known the news

The stock touched a high of Rs 600, and a low of Rs 389, and is trading at Rs 443 - a discount of Rs 10 - as of 1100hrs. The weighted average price on the BSE is Rs 435, and around 2.51 crore shares have changed hands so far on the exchange

IbnLive says "Markets trade in red: Energy, realty, midcaps down"

RK :-

Market is down 784 points. Pretty bad day and I think my portfolio must have gone down by another 10-15%. God save me!!

Yahoo Finance

Reuters report states that "European stocks were set to drop on Monday on
concerns that the global credit crisis could spread, but rising commodity prices
may lend support to energy and mining companies"

RK at 13 hrs:-

Every one thought Reliance Power to be the savior but none in their wildest dreams could have thought that Reliance Power could hurt the sentiments so much and bring down the Market

Analyst's Views and Predictions :-

Here are some of the views and opinions of some of the analysts

Investors would be advised to stay away from this market which could be seeing a pause in the bull run, says Ashu Madan of Religare, on CNBC TV18

One can deploy around 25-30% cash in this market since valuations look good for many stocks now, says Dilip Bhatt of Prabhudas Liladhar, on CNBC Awaaz

Frontline stocks in capital goods, engineering, real estate, steel, banking and financial services sector look good after this market fall, says Gaurang Shah of Geojit Financials, on CNBC Awaaz

While global cues are weak, there seems to be a general nervousness in the Indian market with no buying from any quarter (no retail investors or FIIs), says Deven Choksey of KR Choksey, on NDTV Profit

Financial crisis will have impact on world economy, says IMF on NDTV Profit

The world is in the grip of a bear market and the Indian market is also showing signs of being bearish, says Rajesh Jain of Pranav Securities, on CNBC TV 18

Puru Saxena, Chief Executive of Purusaxena.com said, the uptrend in the Sensex would resume after some basing and consolidation

Wait for markets to find a bottom: Sudarshan Sukhani of Technical Trends

As we can see there is no dearth of analysts but why such differing opinions? Lets see who gets it right at the end of the day!!

RK at 14 hrs: -

I will stay out of the market for the moment. I have some cash but would not place it unless I really the tide turning.

RK at 15:30 hrs: -

Sensex down by a little over 800 points and Nifty a little over 250 points. The message that is being made clear by the analysts and the market is that its very dangerous to speculate at the moment. Almost all agree that you put your money if you are looking at long term

RK
http://www.RentalAndRealEstate.com

Welcome all to the newest blog on the Indian Stock Market

Dear All,

Indian Stock Market has been going through turbulent times for the last couple of weeks. This blog is started for the sole purpose of consolidating all the informative opinions from various sources so that a reader need not browse through tens of websites to get the information he wants.

And, more importantly, there will be 'End of day' post that summarizes the day's predications and recommendations from various sources and the actual stock market movements for that day. This, I am sure, should help readers to decide which source is more knowledgeable, more accurate, and more informative than the others.

Cheers,
RK